The trading price of Vestis Corp (NYSE:VSTS) floating higher at last check on current market day and closing at $16.45, 0.93% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it has been fluctuating between $16.22 and $17.83. The company’s P/E ratio in the trailing 12-month period was 103.40. In examining the 52-week price action we see that the stock hit a 52-week high of $22.37 and a 52-week low of $8.92. Over the past month, the stock has gained 16.51% in value.
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Vestis Corp, whose market valuation is $2.16 billion at the time of this writing, is expected to release its quarterly earnings report in January. The dividend yield on the company stock is 0.85%, while its Forward Dividend ratio is 0.14. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 0.12 per share this quarter, however they have predicted annual earnings per share of 0.66 for current year and 0.84 for next year.
Analysts have forecast the company to bring in revenue of 688.89M for the current quarter, with the likely lows of 685M and highs of 695.33M. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 2.83B.
On the technical side, indicators suggest VSTS has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 50% Buy.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 8.14, which symbolizes a positive outlook. A quick review shows that VSTS’s price is currently 6.96% off the SMA20 and 11.02% off the SMA50. The RSI metric on the 14-day chart is currently showing 69.09, and weekly volatility stands at 2.62%. When measured over the past 30 days, the indicator reaches 3.66%. Vestis Corp (NYSE:VSTS)’s beta value is currently sitting at 1.62, while the Average True Range indicator is currently displaying 0.59. With analysts defining $13-$13 as the low and high price targets, we arrive at a consensus price target of $13 for the trailing 12-month period. The current price is about 20.97% off the estimated low and 20.97% off the forecast high, based on this estimate. Investors will be thrilled if VSTS’s share price rises to $13, which is the median consensus price. At that level, VSTS’s share price would be 20.97% above current price.
To see how Vestis Corp stock has been performing today in comparison to its peers in the industry, here are the numbers: VSTS stock’s performance was 0.93% at last check in today’s session, and -13.51% in the past year. Vestis Corp has a P/E ratio of 103.40.
An evaluation of the daily trading volume of Vestis Corp (NYSE:VSTS) indicates that the 3-month average is 1.89 million. However, this figure has increased over the past 10 days to an average of 1.79.
Currently, records show that 131.48 million of the company’s shares remain outstanding. The insiders hold 0.88% of outstanding shares, whereas institutions hold 95.26%. The stats also highlight that short interest as of 2024-10-31, stood at 4.2 million shares, resulting in a short ratio of 2.65 at that time. From this, we can conclude that short interest is 359.00 of the company’s total outstanding shares. It is noteworthy that short shares in October were up slightly from the previous month’s figure, which was 3.97 million. However, since the stock’s price has seen -22.18% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
